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1301 S Lewis Avenue Waukegan, IL 60085 Commercial - Retail New

New - 2 Hours Ago
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Description

BUY IT ALL FOR 1,600,000! This is the one you've been waiting for - and there is nothing like it on the market. From the moment you pull into the freshly striped, 60-space parking lot and take in the sheer scale of this 26,000 square foot building sitting on nearly 3 acres of prime Waukegan real estate, you'll understand immediately - this is not just a property. This is a platform for something great. Originally built as a grocery store and thoughtfully transformed over the years into a fully operational, multi-use commercial facility, 1301 S. Lewis Avenue has been meticulously maintained and remodeled by its current owner - someone who clearly took pride in every single square foot. New water heaters. Updated rooms throughout. Everything current and compliant with the City. Walk in ready to operate, not ready to renovate. Step inside and the first thing you notice is the light - energy-efficient LED panels installed throughout in 2020 flood every corridor, open workspace, and private office with bright, clean illumination. The reception area welcomes you with polished floors, fresh finishes, and a layout that immediately communicates professionalism. From there, the building unfolds into something truly special. There are approximately 11 private offices for administrative, coaching, counseling, or instructional use - but the offices are just the beginning. The real showstoppers are the two enormous open training areas that will take your breath away the moment you walk in. The first measures an incredible 77'6 x 62' - a cavernous, expanse of pure usable space. The second comes in at 50'10 x 63'10 - equally commanding, equally versatile. Whether you're envisioning a full-scale fitness floor, a competition-grade wrestling mat, a martial arts training hall, a sanctuary for worship, or a classroom environment for dozens of students - these rooms don't just accommodate your vision, they elevate it. Both spaces are bright, clean, and move-in ready. Beyond the training areas, the building delivers everything an operator needs to run a first-class facility. A full commercial kitchen. ADA-compliant hallways and bathrooms throughout - updated in 2019 and fully current. Six restrooms total, serving staff and guests with ease. And here's what will stop every fitness entrepreneur in their tracks - showers are already on-site and ready to go. The current owner operated an immaculately maintained dog training facility here, and they did not cut corners on a single thing. The plumbing is in place, the infrastructure is dialed in, and for anyone dreaming of opening a gym, a wrestling academy, a martial arts dojo, or a fitness center - you are not starting from scratch. You are steps away from the finish line. Out back, the warehouse and loading dock area provides serious operational muscle - three loading docks, one drive-in door, and generous storage space that most facilities in this price range simply cannot offer. And when it's time to step outside, the pr

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1983
Lot Size: 2.91 acres

General Information

County: Lake
Listed By:
Compass 847-318-3718
MRED MLS
$1,600,000
Est. $10,471/mo
New to the Market New
SQUARE FEET26,000 MLS#12627651
STATUSNew PROPERTY TYPECommercial - Retail

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1301 S Lewis Avenue , Waukegan, IL 60085.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,600,000$1,600,000$1,600,000
Down Payment $56,000$0$320,000
Monthly Mortgage Amount $9,546$9,931$7,777
Taxes $2227$2227$2227
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $960$0$0
Monthly Estimated Total $13,200$12,625$10,471

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